Invesco PowerShares Capital Management LLC, a leading global
provider of exchange-traded funds (ETFs), announced today that
trading has begun on NYSE Arca for two new PowerShares ETFs that
provide investors with access to low volatility strategies covering
emerging and developed markets. The portfolio names and ticker
symbols are as follows.
- PowerShares S&P Emerging Markets Low Volatility Portfolio
(EELV)
- PowerShares S&P International Developed Low Volatility
Portfolio (IDLV)
Following the successful launch of the PowerShares S&P 500®
Low Volatility Portfolio (SPLV), which has attracted the highest
monthly inflows of all ETFs listed in 2011 and over $1 billion in
AUM, the two new ETFs expand PowerShares' suite of low volatility
strategies to include key market segments outside of the United
States providing investors with further diversification
opportunities. The three ETFs are designed to work synergistically
to optimize investors' global low volatility exposures and reduce
overall portfolio risk.
"Given today's market environment, investors are naturally
seeking better ways to reduce volatility in their portfolios," said
Ben Fulton, Invesco PowerShares managing director of global ETFs.
"We believe the PowerShares family of low volatility ETFs may
provide investors a degree of protection in down cycles while still
participating in upward trending cycles, and have the potential to
improve risk-adjusted returns over the long term."
The PowerShares S&P Emerging Markets Low
Volatility Portfolio (EELV) is based on the S&P BMI
Emerging Markets Low Volatility Index. Standard & Poor's
compiles, maintains and calculates the Underlying Index, which is
designed to measure the performance of 200 of the least volatile
stocks of the S&P Emerging BMI plus LargeMid Cap Index. The
S&P Emerging BMI Plus LargeMid Cap Index includes all publicly
listed equity securities with float-adjusted market values of at
least $100 million and annual dollar value traded of at least $50
million from the following countries: Brazil, Chile, China,
Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, South
Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland,
Russia, South Africa, Taiwan, Thailand and Turkey.
The PowerShares S&P International Developed
Low Volatility Portfolio (IDLV) is based on the S&P BMI
International Developed Low Volatility Index. Standard & Poor's
compiles, maintains and calculates the Underlying Index, which is
designed to measure the performance of 200 of the least volatile
stocks of the S&P Developed ex US and South Korea LargeMid Cap
BMI Index. The S&P Developed ex US and South Korea LargeMid Cap
BMI Index includes all publicly listed equity securities with float
adjusted market values of at least $100 million and annual dollar
value traded of at least $50 million from the following countries:
Australia, Austria, Belgium, Canada, Denmark, Finland, France,
Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan,
Luxembourg, the Netherlands, New Zealand, Norway, Portugal,
Singapore, Spain, Sweden, Switzerland, and the United Kingdom.
Invesco PowerShares Capital Management LLC is Leading the
Intelligent ETF Revolution® through its family of more than 140
domestic and international exchange-traded funds, which seek to
outperform traditional benchmark indexes while providing advisors
and investors access to an innovative array of focused investment
opportunities. With franchise assets over $57.6 billion as of
December 31, 2011, PowerShares ETFs trade on both U.S. stock
exchanges. For more information, please visit us at
invescopowershares.com or follow us on Twitter @PowerShares.
Invesco is a leading independent global investment manager,
dedicated to helping investors worldwide achieve their financial
objectives. By delivering the combined power of our distinctive
investment management capabilities, Invesco provides a wide range
of investment strategies and vehicles to our retail, institutional
and high net worth clients around the world. Operating in more than
20 countries, the company is listed on the New York Stock Exchange
under the symbol IVZ. Additional information is available at
www.invesco.com.
There are risks involved with investing in ETFs, including
possible loss of money. Shares are not actively managed and are
subject to risks including those regarding short selling and margin
maintenance requirements. Ordinary brokerage commissions may
apply.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Shares are not individually redeemable and owners of the shares
may acquire those shares from the Fund and tender those shares for
redemption to the Fund in Creation Units only, typically consisting
of aggregations of 50,000 shares.
Invesco Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trusts.
The prices of equity securities change in response to many
factors, including the historical and prospective earnings of the
issuer, the value of its assets, general economic conditions,
interest rates, investor perceptions and market liquidity.
Foreign securities have additional risks, including
exchange-rate changes, decreased market liquidity, political
instability and taxation by foreign governments.
Investment in securities in emerging market countries involves
risks not associated with investments in securities in developed
countries.
The Funds are non-diversified and can invest a greater portion
of their assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a
single investment could cause greater fluctuations in Share price
than would occur in a diversified fund. This may increase the
Funds' volatility and cause the performance of a relatively small
number of issuers to have a greater impact on the Funds'
performance.
Standard & Poor's® and S&P® are registered trademarks of
Standard & Poor's Financial Services LLC ("Standard &
Poor's") and have been licensed for use by the Adviser. The Funds
are not sponsored, endorsed, sold or promoted by Standard &
Poor's or its Affiliates, and Standard & Poor's and its
Affiliates make no representation, warranty or condition regarding
the advisability of buying, selling or holding shares of the
Funds.
Note: Not all products available through all firms.
PowerShares® is a registered trademark of Invesco PowerShares
Capital Management LLC. Invesco PowerShares Capital Management LLC
and Invesco Distributors, Inc. are indirect, wholly owned
subsidiaries of Invesco Ltd.
An investor should consider the Fund's
investment objective, risks, charges and expenses carefully before
investing. For this and more complete information about the Fund
call 800 983 0903 or visit invescopowershares.com for a prospectus.
Please read the prospectus carefully before investing.
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Media Contacts: Kristin Sadlon Cohn & Wolfe
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